Business
Big savings - Loblaw pilots new no name® store to bring more value to customers
Big savings - Loblaw pilots new no name® store to bring more value to customers Ca...
About this update from Loblaw Companies Limited
[{"type":"text","content":"\n\n\n\n Big savings - Loblaw pilots new no name® store to bring more value to customers\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n New store format saves up to 20% on food and household necessities\n \n\n\n\n\n BRAMPTON, ON\n \n\n ,\n \n\n Aug. 22, 2024\n \n\n /CNW/ - Loblaw Companies Ltd. (TSX: L), (\"Loblaw\") today announced its plans to pilot a new concept, value-based\n \n no name\n \n store in three\n \n Ontario\n \n markets. The\n \n no name\n \n store will help customers save up to 20% on everyday grocery and household essentials, by lowering operating costs and carrying only a targeted assortment of products.\n \n\n\n\n\n\n\n\n\n \"Our goal is simple – providing food and essential household items across a limited range of national brands and\n \n no name\n \n brand products at our lowest possible price,\" said\n \n Per Bank\n \n , President and CEO, Loblaw. \"Since food inflation took off globally, we have been laser-focused on doing what we can to keep prices lower for customers, including opening more discount food locations in more parts of the country. This new test concept allows us to pass on lower prices to our customers – it's a completely different and simplified shopping experience.\"\n \n\n The\n \n no name\n \n stores are reducing operating costs through a variety of ways, including:\n \n\n\n Shorter operating hours (\n \n 10am-7pm\n \n )\n \n\n Smaller assortment means the store is less complicated to run\n \n\n Limited marketing and no flyers\n \n\n No refrigeration (no dairy or fresh meat products)\n \n\n Reused fixtures – shelves, cash lanes – to minimize building costs\n \n\n Fewer weekly deliveries, reducing logistic costs\n \n\n\n \"Our commitment to customers is that products at the\n \n no name\n \n store will be up to 20% less than the regular retail price on a comparable product at any of the four main discount grocers in that local area. These\n \n no name\n \n stores will have a limited selection of 1,300 products, but these are man...